05 July 2017
Chicago
Reporter: Drew Nicol

OneChicago expands futures products


Securities finance exchange OneChicago will introduce a new No Dividend Risk (NDR) Friday futures product on 24 July 2017.

NDR Friday futures are serially listed NoDivRisk futures that, in conjunction with the existing monthly futures, provide for futures expiring on the next five Fridays.

NDR Friday Futures will settle to stock on a T+3 basis, then shift down to T+2 in September.

According to OneChicago, each Friday future has its own suffix in its symbol (I, J, K, L, respectively).

The exchange saw a 32 percent increase in trading volumes in June over the same time last year.

Transaction volume was more than 1.7 million for the month.

The latest volume rise means OneChicago is up 26 percent for the first half of the year.

More swaps news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Eurex introduces fresh fixed income hedging tools
16 November 2017 | Frankfurt | Reporter: Drew Nicol
The Deutsche Boerse Group noted significant end-user demand for European-listed fixed income ETF options, with institutional investors in Europe ready to migrate from US-listed options once the options are listed
LCH migrates to new Swiss reference rate
18 October 2017 | Zurich | Reporter: Jenna Lomax
Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank are due to be among the first financial services to clear using the new rate from December 2017
Tradeweb launches first electronic swaption trade on TW SEF
17 October 2017 | New York | Reporter: Jenna Lomax
The trade, which was executed by asset management firm, Garda Capital, and processed through MarketWire, officially marked the launch of swaptions trading on the TW SEF
Eurex Clearing launches partnership programme
09 October 2017 | Frankfurt | Reporter: Theo Andrew
The programme plans to build a “balanced ecosystem”, responsible for aligning responsibilities and benefits related to economics and governance, bringing “greater choice and transparency” to the market
LCH launches new SwapClear client account
14 August 2017 | London | Reporter: Drew Nicol
J.P. Morgan and Aviva Investors are among the first adopters of this new account type
OneChicago expands futures products
05 July 2017 | Chicago | Reporter: Drew Nicol
The new No Dividend Risk Friday Futures will be available from 24 July 2017
French elections revive European markets
03 May 2017 | Frankfurt | Reporter: Drew Nicol
The first round of the French election prompted rallies in Europe’s beleaguered equities markets, while fixed income also saw sharp corrections, according to Eurex